Finning International (TSE:FTT) Given New C$50.00 Price Target at TD Securities

Finning International (TSE:FTT) had its price target hoisted by research analysts at TD Securities from C$47.00 to C$50.00 in a research report issued on Monday,BayStreet.CA reports. TD Securities’ price objective would suggest a potential upside of 15.71% from the company’s previous close.

A number of other research firms have also commented on FTT. BMO Capital Markets boosted their price objective on Finning International from C$45.00 to C$50.00 in a research note on Friday, February 7th. Canaccord Genuity Group upped their price target on shares of Finning International from C$51.00 to C$55.00 in a research report on Friday, February 7th. Raymond James decreased their price objective on shares of Finning International from C$52.00 to C$50.00 in a report on Thursday, November 14th. Canaccord Genuity Group dropped their target price on shares of Finning International from C$53.00 to C$51.00 in a research note on Thursday, November 14th. Finally, CIBC decreased their price target on shares of Finning International from C$50.00 to C$49.00 in a research note on Monday, February 3rd. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of C$49.89.

Finning International Price Performance

Shares of TSE:FTT traded up C$0.65 during trading on Monday, reaching C$43.21. The stock had a trading volume of 227,179 shares, compared to its average volume of 481,651. The stock has a market capitalization of C$5.94 billion, a PE ratio of 12.09, a P/E/G ratio of 0.56 and a beta of 1.55. The company has a debt-to-equity ratio of 98.14, a current ratio of 1.65 and a quick ratio of 0.59. Finning International has a 52 week low of C$34.38 and a 52 week high of C$45.17. The business’s 50-day moving average price is C$39.10 and its 200 day moving average price is C$39.72.

Insider Buying and Selling at Finning International

In other news, Senior Officer Juan Pablo Amar sold 1,899 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of C$43.18, for a total value of C$82,004.33. Also, Senior Officer Kieran Colquhoun Holm sold 3,000 shares of the firm’s stock in a transaction on Thursday, February 6th. The stock was sold at an average price of C$42.10, for a total value of C$126,300.00. In the last 90 days, insiders sold 7,784 shares of company stock worth $336,391. Insiders own 0.10% of the company’s stock.

Finning International Company Profile

Finning International Inc sells, services, and rents heavy equipment, engines, and related products in Canada, Chile, Bolivia, the United Kingdom, Argentina, Ireland, and internationally. The company offers articulated trucks, asphalt pavers, backhoe loaders, cold planers, compactors, dozers, drills, electric rope shovels, excavators, hydraulic mining shovels, material handlers, motor graders, off-highway trucks, pipelayers, road reclaimers, skid steer and compact track loaders, track loaders, underground-hard rock, wheel loaders, and wheel tractor-scrapers, as well as mobile and stationary generator sets.